Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its stake in Guidewire Software, Inc. (NYSE:GWRE) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 728,193 shares of the technology company’s stock after selling 21,956 shares during the quarter. New York State Common Retirement Fund’s holdings in Guidewire Software were worth $79,402,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Greenwich Wealth Management LLC grew its position in shares of Guidewire Software by 0.3% in the fourth quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock valued at $4,051,000 after purchasing an additional 101 shares during the period. Lindbrook Capital LLC grew its position in Guidewire Software by 45.7% during the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after acquiring an additional 132 shares during the period. Parkside Financial Bank & Trust grew its position in Guidewire Software by 11.0% during the third quarter. Parkside Financial Bank & Trust now owns 1,661 shares of the technology company’s stock valued at $149,000 after acquiring an additional 164 shares during the period. CWM LLC boosted its position in shares of Guidewire Software by 18.4% in the fourth quarter. CWM LLC now owns 1,154 shares of the technology company’s stock worth $126,000 after buying an additional 179 shares during the period. Finally, Verdence Capital Advisors LLC boosted its position in shares of Guidewire Software by 3.0% in the fourth quarter. Verdence Capital Advisors LLC now owns 6,383 shares of the technology company’s stock worth $696,000 after buying an additional 186 shares during the period.

Analyst Ratings Changes

GWRE has been the topic of several recent analyst reports. Robert W. Baird boosted their price target on Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Oppenheimer upped their price objective on Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Raymond James initiated coverage on Guidewire Software in a report on Thursday, February 1st. They set an “outperform” rating and a $125.00 target price for the company. Finally, DA Davidson reaffirmed a “buy” rating and set a $126.00 target price on shares of Guidewire Software in a report on Tuesday, March 5th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and an average target price of $115.11.

Guidewire Software Trading Up 3.6 %

GWRE opened at $113.77 on Wednesday. The stock has a fifty day moving average of $115.16 and a 200-day moving average of $106.41. Guidewire Software, Inc. has a 12-month low of $68.45 and a 12-month high of $122.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. The company had revenue of $240.90 million during the quarter, compared to analyst estimates of $240.93 million. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. As a group, research analysts predict that Guidewire Software, Inc. will post -0.42 EPS for the current year.

Insider Activity

In related news, insider John P. Mullen sold 1,350 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the sale, the insider now directly owns 148,047 shares in the company, valued at $16,485,033.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Michael George Rosenbaum sold 4,420 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the sale, the chief executive officer now directly owns 245,375 shares of the company’s stock, valued at $27,420,656.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $111.35, for a total value of $150,322.50. Following the sale, the insider now directly owns 148,047 shares in the company, valued at $16,485,033.45. The disclosure for this sale can be found here. Insiders sold 9,435 shares of company stock worth $1,053,821 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

About Guidewire Software

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.